Monthly Archives: December 2018

Some of the Support Options Often Offered by Lenders Like Consumer Portfolio Services

Many hopeful car buyers today head to dealers who arrange vehicle financing on-site. That has turned out to be an especially flexible and accommodating arrangement that suits the needs of many consumers well.

When a dealer offers to finance the purchase of a vehicle in this fashion, the loan will normally be passed on to another company not long thereafter. Secondary lenders like Consumer Portfolio Services are dedicated to making it simple for car buyers to keep up with all the obligations and needs related to servicing the loans.

Plenty of Help and Support with Paying Back a Car Loan

So-called “buy here, pay here” automotive financing has rapidly become one of the most popular options for American car shoppers. Although it is not always clear from the start, this style of lending typically relies on partnerships between dealers and specialized financial services companies.

As a result, a loan that is originally issued by a dealer at the time of purchase will generally be handed off to another party sometime in the near future. That secondary lender will then accept payments from the buyer and manage all the details associated with the loan.

This arrangement normally works out very well for all involved. Because they focus specifically on such financial matters, secondary lenders will generally be well positioned to make things easy for borrowers with regard to issues like:

  • Payments. Borrowers will often have a number of choices before them when it comes to making payments on their loans. Many today choose to schedule automatic withdrawals from their bank accounts, an option that can easily make life a bit simpler. Others make one-time remittances each month, with a variety of payment types normally being accepted.
  • Loan history. It will often be helpful to have access to a complete record of loan activity and payments. In many cases, borrowers will be able to simply log on to a website that enables the secure transmission of this frequently important information.

Lenders Who are Truly Dedicated to Borrowers

With many lenders of this general kind offering quite a bit more in the way of support and services, borrowers will rarely need to feel neglected. This increasingly common style of lending is one that serves many car buyers well in a variety of respects.

Charged with a DWI? Tips to Find a Quality Attorney

DWI, or Driving While Intoxicated is a serious charge. If someone is facing these charges, there are more than a few potential consequences they may face. From significant fines to time in jail and even effects to their job and personal life. To help minimize the potential consequences that a person faces after being charged with a DWI is to hire a DWI Accident Lawyer.

When hiring an attorney, it’s not a good idea to hire the first person found, as this can lead to subpar representation. A better strategy is to do a bit of research before hiring this legal professional. Some tips to help ensure the right attorney for the situation is hired can be found here.

Ask for Recommendations

One of the first things a person should do when it is time to hire an attorney to help with a DWI charge is to ask for recommendations from people they know. They could even ask other legal representatives they have used in the past for a recommendation.

While getting recommendations from others is a great way to start the search, it’s not the only thing that can be used. A person also has to do their own research and take time to meet with the attorney.

Find Out About the Fee Structure

Once a few attorneys are found, it’s a good idea for the person facing the DWI charge to find out about how the lawyer charges for their services. Most attorneys will charge a client in one of two ways. They will charge a flat rate for their services, or charge by the hour. Both fee structures are acceptable; it’s just a good idea to know what to expect before using these legal services.

Don’t underestimate the benefits of hiring the right attorney for help with DWI charges. By taking the time to find the right attorney, a person has the best chance possible of facing reduced consequences for the crime they are accused of. The tips here can help a person find the right attorney and hire them for their case and the situation they are facing.

The Accident Aftermath: Signs It Is Time to Hire a Car Accident Attorney

Some people get so used to driving on the roads in their area that they forget all about the dangers on them. Each year, thousands of people are involved in car accidents. These accidents tend to do a lot of damage to both a person’s car and their body.

In situations where a person is injured in one of these accidents due to no fault of their own, filing a lawsuit may be necessary. Trying to navigate through the complicated legal system can be difficult for a person with no previous experience. Here are some of the signs a person may notice when it is time to hire an Auto accident attorney.

The Injuries Sustained in the Accident are Serious

Dealing with a few scrapes and bruises following a car accident is pretty standard. If a person has injuries that are relatively serious, it can prohibit them from working and providing for their family. In situations like this, a person will need to find an attorney to help them out.

One of the first things an attorney will do when meeting with a potential client for the first time is take a look at the accident report. This report is provided by the members of law enforcement who worked the wreck. It will usually provide details about who was at fault for the wreck, which can help a lawyer greatly when trying to build a case.

The Insurance Company is Already Calling

Usually, an accident victim will hear from the other driver’s insurance company shortly after fault has been established. If the insurance company knows their client was responsible for the accident, they will generally want to settle out of court.

Before settling, an accident victim will need to seek out an attorney’s help. These legal professionals can help a person get the reasonable compensation they deserve.

Finding the right attorney to help in these matters will be much easier when scheduling a few consultations. For years, Alex R. Hernandez Jr. has helped accident victims get the money they deserve. Give him a call today to find out more about the help he can provide.

The Concepts and Practices of Risk Management

The purpose of this article is to present the concept and practice of enterprise risk management with the aim of providing the benefits a company can derive from it. The ideas, the frame, and its implementation will be explained. If nothing else, it would be smart to contact Cane Bay Partners to learn more details.

Defining risk management

According to experts, risk management is described as a process implemented by a board of directors, the general management, and all the employees of the organization. It considers the developmental strategy as well as all other activities of a business. It is designed to identify potential events that may affect the organization and manage risks within the limits of its risk appetite.

Risk management is intended to provide reasonable assurance as to the achievement of the objectives of a company. It is a rigorous approach to the assessment and identification of all risks that threaten the result of an organization’s strategic goals and involves all members of the organization at all levels. This global approach to risks is perceptible across the categories of objectives pursued by enterprise risk management, namely: strategic aims, operational objectives, reporting, and compliance.

Managing risk also aims to link the objectives to the different categories, thus allowing management to focus on the various aspects of organizational risks and no longer on a single type of risks as in the traditional approach.

The nature of a risk and the traditional approaches to lower it

For a long time, the entrepreneur was defined as the one who took risks, the one who risked his or her capital and who was compensated for it. Many experts have warned people against attempts to eliminate risks. According to them, trying to eliminate risks, even trying to reduce them, can lead to the greatest of all risks: inflexibility.

Risk management defines managerial decisions as risk-taking decisions and even suggests that each innovative strategy is based on an apparent acceptance of the risks of failure. This is an awareness that risks are inherent in any business. This also justifies the underwriting of insurance policies by companies to cover against losses that could be caused by fires, theft, floods, earthquakes, in particular.

Get Lower Interest Rates on Non-traditional Loans

Non-traditional loans incur very high interest rates as anyone who has needed to use this option will mention. Still this is a viable option for those who cannot qualify for bank loans that carry lower rates. Many lenders have introduced rewards programs for frequent borrowers in an effort to relieve some of that burden. Programs are free to join and typically consist of three or four tiers.

Rewards Programs

These will differ among lenders but tend to follow similar formats and qualifications. Once the initial loan is paid back on time and in full, referred to as a successful loan, borrowers can sign up for the program and participate in the first tier. Two more loans need to be completed at that first tier before moving on to the next tier. Depending on the lender, a tier may require two or three successful loans before moving up a tier.

What are the Rewards?

At each tier reached, the interest rates become slightly lower than the previous tier. This can save frequent borrowers a substantial amount of money with every successful loan completion. Rewards do not stop at the interest rates. The amount of money that can be borrowed increases with each tier. Terms for paying back the loan increase as well making repayment easier and less of a burden on the budget.

A Detailed Example

The Club Blue program is offered by Blue Trust Loans. The first tier, the blue tier, allows people to borrow up to $1,450 for 180 days at an interest rate of $24.50 for every $100 borrowed. After one successful loan, borrowers move to the silver tier. After two successful loans at that level, the gold tier is attained. The final tier, platinum, allows borrowers to borrow up to $2,000 for 300 days at an interest rate of $16.00 per $100 borrowed.

Money Management

A rewards program is no substitute for improving money management skills and learning how to establish and stay within a budget. It can be a money-saving tool used during the ongoing process of being responsible with money and balancing income and expenses. In times of unpredictable economics, rising prices on all essential items and services, and people being out of work due to store closings and factories moving out of the country, it may take some time before the average person can afford to balance a budget.